Introduction India's fiscal deficit has been a topic of intense debate and concern among policymakers, economists, and citizens alike. It represents the gap between the government's total revenue and its total expenditure, signifying the extent to which the government is…
What is the fiscal deficit? A) Total revenue of the government B) Difference between total expenditure and total revenue C) Surplus of government funds D) None of the above Answer: B) Difference between total expenditure and total revenue Which of…
Introduction India stands at the cusp of a significant economic transformation, largely driven by the vibrant and dynamic startup ecosystem. With the third-largest startup ecosystem in the world, India is home to a diverse range of startups that have become…
What is the primary objective of startups in India? A) To create monopolies B) To innovate and disrupt markets C) To focus on traditional industries D) To follow established business models Answer: B) To innovate and disrupt markets Which of…
Introduction Social security is a fundamental right of every citizen, serving as a safety net during times of need. In India, social security schemes are crucial for enhancing the quality of life for marginalized populations and addressing issues such as…
Which of the following is a primary objective of social security schemes in India? A) Wealth accumulation B) Poverty alleviation C) Economic growth D) Urbanization Answer: B) Poverty alleviation The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) guarantees how…
Introduction India's Foreign Trade Policy (FTP) is a crucial instrument for the nation's economic growth and development. Established in the early 1990s as part of the liberalization process, the FTP aims to promote the country's international trade through various initiatives…
Which year was the Foreign Trade Policy (FTP) of India first introduced? A) 1991 B) 2000 C) 2015 D) 2020 Answer: A) 1991 What is the primary objective of India's Foreign Trade Policy? A) To reduce imports B) To promote…
Introduction Poverty remains one of the most persistent challenges facing India, a nation that prides itself on being the world's largest democracy and one of the fastest-growing economies. Despite significant economic progress, a substantial section of the Indian population still…
Which of the following is the primary objective of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)? A) To provide free education B) To ensure food security C) To guarantee 100 days of wage employment in a financial year…
Introduction India, known for its agrarian roots, has a significant portion of its population dependent on agriculture for livelihood. The sector contributes approximately 17-18% to the country's GDP and employs about 58% of the workforce. However, the agricultural sector faces…
1. What was the primary reason for the demonetization policy implemented in India on November 8, 2016? a) Boosting foreign investments b) Promoting digital literacy c) Curbing black money and counterfeit currency d) Increasing agricultural productivity Answer: c) Curbing black…
Introduction Agriculture has been the lifeblood of the Indian economy for centuries, forming the foundation of its socioeconomic fabric. Despite the rapid growth of the industrial and services sectors, agriculture continues to play an indispensable role in sustaining the livelihood…
What percentage of India's workforce is employed in agriculture? a) 20% b) 50% c) 30% d) 70% Answer: b) 50% Which of the following is the primary crop of India? a) Wheat b) Cotton c) Rice d) Tea Answer: c)…
Introduction In 1991, India embarked on a transformative economic journey through sweeping reforms that altered the course of its economic trajectory. Faced with a severe Balance of Payments (BoP) crisis, the government, under the leadership of then Prime Minister P.V.…
1. The Economic Reforms of 1991 in India were primarily aimed at: A) Reducing the fiscal deficit B) Promoting industrial growth C) Liberalizing the economy D) Enhancing agricultural productivity Answer: C) Liberalizing the economy 2. The 1991 economic reforms introduced…
Introduction In the vibrant tapestry of Indian democracy, pressure groups play a significant role in shaping public policy and influencing governmental decision-making. These organizations, representing diverse interests—from environmental concerns to labor rights—act as intermediaries between the government and the citizenry,…
What is a pressure group? A) A political party B) An organization seeking to influence government policy C) A legislative body D) A non-governmental organization Answer: B) An organization seeking to influence government policy Which of the following is a…
Introduction The Anti-Defection Law, enacted in India in 1985 through the 52nd Amendment to the Constitution, was designed to curb the rampant political instability that plagued the nation in the preceding decades. It aimed to ensure that elected representatives adhere…
1. The Anti-Defection Law was introduced in which year through the Constitution? A) 1975 B) 1985 C) 1992 D) 2003 Answer: B) 1985 2. The Anti-Defection Law is included in which Schedule of the Indian Constitution? A) Eighth Schedule…
Introduction The Indian Parliament stands as a central pillar in the architecture of the world’s largest democracy. It serves as the primary legislative body of India, responsible for lawmaking, holding the executive accountable, representing the public, and deliberating on issues…